全球智库信息集成服务系统(G2TT): Thresholds and Context Dependence in Growth

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w6480
来源ID	Working Paper 6480
	Thresholds and Context Dependence in Growth
	Atish R. Ghosh; Holger Wolf
发表日期	1998-03-01
出版年	1998
语种	英语
摘要	Is there a single recipe for fast growth? Much of the recent cross-section empirical growth literature implicitly assumes there is. Yet both development and growth theory as well as casual empiricism suggest pervasive non-linearities in the growth process. Low inflation may grease the wheels of commerce' while high inflation may arrest them, secondary education may be crucial for promoting growth in open economies, but be largely ineffective in war-ravaged countries, etc. Such threshold effects and context dependence are difficult to capture in standard multivariate regressions, but are readily identified by classification tree analysis, undertaken here. Our results suggest that both types of non-linearities are indeed pervasive. The findings go some way towards explaining the limited robustness of cross-country growth regressions, and argue against the existence of a universal growth recipe.
URL	https://www.nber.org/papers/w6480
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/563997
推荐引用方式 GB/T 7714	Atish R. Ghosh,Holger Wolf. Thresholds and Context Dependence in Growth. 1998.